WASHINGTON--(BUSINESS WIRE)--The law firm of Finkelstein Thompson LLP is investigating potential
claims on behalf of shareholders of Safeway Inc. (NYSE: SWY) (“Safeway”
or “the Company”), concerning the Company’s proposed acquisition by
Cerberus Capital Management, L.P. Under the terms of the proposal,
Safeway shareholders will receive value estimated at $40.00 for each
share of Safeway they own, including $32.50 in cash, the right to
receive pro-rata distributions of net proceeds from primarily non-core
assets with an estimated value of $3.65 per share, plus shares of
Blackhawk Network Holdings, Inc. At least one analyst has set a target
price of $46.00 for Safeway shares. The entire transaction is valued at
approximately $9 billion.

The investigation is focused on whether Safeway’s Board of Directors
breached its fiduciary duty in failing to maximize consideration to
shareholders, the potential unfairness of the consideration to
shareholders, the process by which the Board considered the transaction,
and potential conflicts of interest among the Company’s Board members.

If you are interested in discussing your rights as a Safeway
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050
or (202) 337-8000, or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
financial litigation, and has been appointed as lead or co-counsel in
dozens of shareholder class actions. Indeed, the firm has served in
leadership roles in cases that have recovered over $1 billion for
investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website
at www.finkelsteinthompson.com.
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